Belltown Developers, LLC
Part of the GOLD MF investment opportunities.
Investment Summary
GOLD MF is under contract on a 33-unit mixed use apartment building in the Belltown neighborhood of Seattle, WA. Located at the Denny Triangle, this asset is perfectly positioned to absorb the Return to Office mandate. With existing occupancy so high, and rents nearly at market rate, our focus will be to "right-size" the operations. With this type of value-add strategy, we could see dramatic improvement to performance within the first quarter of ownership. Coupled with favorable seller-financing terms, this asset has strong cash flow projections beginning the first year.
The entity Belltown Developers, LLC was created to purchase and hold this property. It’s an opportunity that allows for equity positions only, and we are accepting both accredited and non-accredited investors. We are currently raising $2,750,000 in exchange for 70% ownership of Belltown Developers, LLC. The funds will be used for long-term debt, acquisition costs, renovation expenses, operating reserves, and sponsor fees.
Investment Highlights
- Favorable Seller Financing: 5% Interest Only for 5 years.
- Well-kept property with charming turn of the century brick architecture and reinforced concrete construction.
- Existing operational asset in a high growth and strong primary MSA.
- Location! Property has a 99 walk score, and is steps from restaurants, retail, and downtown Seattle.
- Value-Add is focused on right-sizing the operations and not dependent on pushing rent.
- Depreciation expense in first year estimated at 35% of investment through a cost segregation study.
Investing Now!
Non-accredited investors are invited to inquire within for a limited time only.